<ARTICLE> 5 <PERIOD-TYPE> 9-MOS 12-MOS <FISCAL-YEAR-END> APR-30-1997 JUL-31-1996 <PERIOD-START> JUL-31-1996 AUG-01-1995 <PERIOD-END> APR-30-1997 JUL-31-1996 <CASH> 72,948 19,337 <SECURITIES> 0 0 <RECEIVABLES> 2,119,406 3,840,129 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 2,246,530 4,062,546 <PP&E> 36,962,822 42,233,799 <DEPRECIATION> (10,254,970) (12,761,131) <TOTAL-ASSETS> 30,857,487 36,493,436 <CURRENT-LIABILITIES> 11,866,608 32,032,629 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 209,140 191,240 <OTHER-SE> (124,541) 3,654,567 <TOTAL-LIABILITY-AND-EQUITY> 30,857,487 36,493,436 <SALES> 5,698,490 11,979,982 <TOTAL-REVENUES> 5,844,871 12,520,138 <CGS> 3,117,341 5,472,130 <TOTAL-COSTS> 8,155,557 15,456,340 <OTHER-EXPENSES> (24,286) 5,540,188 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 2,102,933 2,829,700 <INCOME-PRETAX> (4,389,333) (11,330,376) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 0 0 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (4,389,333) (11,330,376) <EPS-PRIMARY> (0.25) (0.66) <EPS-DILUTED> (0.25) (0.66)